Energy Storage Potential Model for Residential Photovoltaic Systems
Publication Date
1-1-2022
Document Type
Conference Proceeding
Publication Title
IEEE International Conference on Industrial Engineering and Engineering Management
Volume
2022-December
DOI
10.1109/IEEM55944.2022.9989735
First Page
402
Last Page
406
Abstract
With Senate Bill 100, California's policy goal of 100% zero-carbon energy supply by 2045, solar power has become a growing energy supply for residential and commercial locations. Solar power from photovoltaic systems can aid consumers in lowering their energy bills as well as assist utility operators by decreasing grid demand. The purpose of this paper is to model the benefits of photovoltaic energy generations with energy storage systems considering residential consumer behaviors. For proof of concept, the city of San Jose will be used as the location to demonstrate the expected behavior of this system. Energy storage potential will be analyzed through a variety of lenses such as energy generation, net present worth, and savings to investment ratio.
Keywords
Energy Storage, Net Present Worth, Photovoltaic Systems
Department
Industrial and Systems Engineering
Recommended Citation
V. Rios, Y. Wei, and H. Liu. "Energy Storage Potential Model for Residential Photovoltaic Systems" IEEE International Conference on Industrial Engineering and Engineering Management (2022): 402-406. https://doi.org/10.1109/IEEM55944.2022.9989735
